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Tech and startup news from Southeastern EuropeWed, 23 May 2018 13:10:25 +0000en-UShourly1https://wordpress.org/?v=4.9.6http://superfounders.com/wp-content/uploads/2016/10/cropped-mVBUoMtm-1-32x32.pngSuperfoundershttp://superfounders.com
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Ukrainian U.Ventures invests $1,5mill in three local startupshttp://superfounders.com/2018/05/23/superfounders-ukrainian-u-ventures-invests-15-mill-in-three-local-startups/?utm_source=rss&utm_medium=rss&utm_campaign=superfounders-ukrainian-u-ventures-invests-15-mill-in-three-local-startups
http://superfounders.com/2018/05/23/superfounders-ukrainian-u-ventures-invests-15-mill-in-three-local-startups/#respondWed, 23 May 2018 07:39:47 +0000http://superfounders.com/?p=26589Ukrainian investment fund, U.Ventures, invests 1,5 million USD in three Ukrainian startups: YouTeam, 3DLook and Pufetto, local media reported. The fund, reportedly, is convinced these three startups to become leaders in their segments not only in Ukraine but worldwide as well. How much money each startup received remains undisclosed. “Ukraine has prominent product companies and […]

]]>Ukrainian investment fund, U.Ventures, invests 1,5 million USD in three Ukrainian startups: YouTeam, 3DLook and Pufetto, local media reported. The fund, reportedly, is convinced these three startups to become leaders in their segments not only in Ukraine but worldwide as well. How much money each startup received remains undisclosed.
Jaroslawa Z. Johnson, the President and CEO of Western NIS Enterprise Fund / Photo: WNISEF website

“Ukraine has prominent product companies and startups that make revolutionary products and are highly competitive on a global market, and YouTeam, 3DLook, and Pufetto are dazzling examples of this”, says Jaroslawa Z. Johnson, the President and CEO of the fund, 150sec.com reported. “ We are very pleased to invest in these startups and are convinced that they have a great potential to become leaders in its segments not only in Ukraine but worldwide.”

U.Ventures is an investment fund launched in 2017 by the Western NIS Enterprise Fund(WNISEF) to invest in early-stage technology startups with world-class teams and global potential for growth in Ukraine and Moldova. WNISEF on the other hand, is a regional private equity fund, a pioneer in Ukraine and Moldova with more than two decades of successful experience investing in small and medium-sized companies. WNISEF was funded by the U.S. government via U.S. Agency for International Development (USAID). The fund successfully invested in more than 118 companies in Ukraine and Moldova.

A closer look at the new startups the joins U. Ventures family

YouTeam is the world’s first free b2b marketplace for engineering talent, a marketplace for hiring remote software development contractors. The startup “bridges” tech people from Eastern Europe with the rest of the world. YouTeam is founded in 2014 by Ukrainians Anton Mishchenko and Yurij Riphyak. According to some Ukrainian websites, world-known companies such as Marvel, Amazon, Microsoft, Mercedes-Benz and Nokia are just a few of the many that use YouTeam’s services. Besides in Ukraine, so far, the company has its offices in Estonia, Belarus, Poland, Czech Republic and Macedonia.

3DLOOK is an innovative solution for apparel retail and e-commerce that uses proprietary body measuring technology to make a perfect size and fit recommendations to consumers. The startup is founded in 2016 by Vadym Rohovsky, a serial entrepreneur from Odesa. The main goal of this startup is to transform the way people interact with their smartphones to solve everyday problems. To reach that goal the company use computer vision, advanced machine learning, and complex 3D matching algorithms to scan and measure the human body.

Founded in 2012 Pufetto is a Ukrainian furniture manufacturer and e-commerce player that enables customers to customize its furniture (sofas, armchairs, beds) through its online platform and have it delivered to door within three of four weeks. So far, Pufetto sells furniture mostly through their online platform, but as well as via their showrooms in Ukraine and Germany.

Reportedly, these three startups will use the money to improve their products, to hire new people and to expand to new markets worldwide.

Prior to these investments, U.Ventures invested over 2.3 million USD into six other Ukrainian companies.

]]>http://superfounders.com/2018/05/23/superfounders-ukrainian-u-ventures-invests-15-mill-in-three-local-startups/feed/0Delivery startup Locodels signs landmark deal with Slovenian posthttp://superfounders.com/2018/05/18/delivery-startup-locodels-signs-landmark-deal-with-slovenian-post/?utm_source=rss&utm_medium=rss&utm_campaign=delivery-startup-locodels-signs-landmark-deal-with-slovenian-post
http://superfounders.com/2018/05/18/delivery-startup-locodels-signs-landmark-deal-with-slovenian-post/#respondFri, 18 May 2018 06:45:25 +0000http://superfounders.com/?p=26568Croatian delivery startup Locodels and Post of Slovenia signed a letter of business cooperation, the Post reported. The cooperation will raise the level of online delivery services to a higher level and will enable Post’s customers to get their delivery faster. For Locodels, on the other hand, this partnership means a major step forward to […]

]]>Croatian delivery startup Locodels and Post of Slovenia signed a letter of business cooperation, the Post reported. The cooperation will raise the level of online delivery services to a higher level and will enable Post’s customers to get their delivery faster. For Locodels, on the other hand, this partnership means a major step forward to their regional expansion.
Boris Novak, General Director of the Post of Slovenia/ Photo: www.posta.si

“Optimizing the delivery of postal items, smart and sustainable logistics, e-business and modern information services are priority areas in which Post of Slovenia systematically seeks connections with start-up companies”, said Boris Novak, General Director of the Post. ”Locodels is thus a true partner for the Post of Slovenia since it enables the early and rapid development of services resulting from the needs of customers. The core of this business model is to combine delivery orders and automatic optimization through their delivery platform. In cooperation with them, the level of online delivery services can be raised to a higher level, as we will enable customers to deliver when they want.”

According to Stevica Kuharski, the Director of Locodels, this business collaboration strengthens the market position of the company and proves to be a successful business model for large cooperation and big companies.

Stevica Kuharski, Director of Lacodels/ Photo: tedxzagreb.com

“The cooperation between Locodels and Post of Slovenia represents a major step forward in regional expansion and strengthening of the market position”, explains Kuharski. “Post of Slovenia is our partner in Slovenia and with this cooperation, we prove that our business model can also be suitable for large corporations or big companies such as Post of Slovenia. From our business model, shoppers are the main beneficiaries in Internet shops, and Internet stores with delivery in this way strengthen the loyalty of their customers by providing them with delivery even in the afternoon and late evening hours. Individuals who provide delivery are our business partners and are registered for delivery. The business model of cooperation with the Post of Slovenia is also suitable for other countries in the region, and today’s signing of the letter of intent also means recognizing and confirming our knowledge and experience”.

The letter for business cooperation was signed during the PODIM conference, one of the biggest and most influential startup competition in the Adriatic Region. According to the official report, the services for delivery of online purchases via the online platform will be available from the beginning of September, first in the area of Ljubljana, the capital of Slovenia, and later in other cities.

Founded in 2015, Locodels is sharing economy based city delivery service. Their main focus is city delivery service solving the last mile gap between e-commerce and retailers. According to the sharing economy model, anyone who is offering delivery services and has a vehicle can join the team of Locodels. This business model enables individuals or small companies to share their “unused” assets at a certain time via the online platform, for which they receive a payment. The services of Locodels also know as uber in the fast delivery services.

]]>http://superfounders.com/2018/05/18/delivery-startup-locodels-signs-landmark-deal-with-slovenian-post/feed/0Hungarian educational app BOOKR Kids raises 1 million euros from Hiventureshttp://superfounders.com/2018/05/16/hungarian-educational-app-bookr-kids-raises-1-million-euros-from-hiventures/?utm_source=rss&utm_medium=rss&utm_campaign=hungarian-educational-app-bookr-kids-raises-1-million-euros-from-hiventures
http://superfounders.com/2018/05/16/hungarian-educational-app-bookr-kids-raises-1-million-euros-from-hiventures/#respondWed, 16 May 2018 07:50:42 +0000http://superfounders.com/?p=26555The BOOKR Kids, Hungarian educational application receives 1 million euros investment from the state-owned VC -Hiventures Venture Capital Fund, Hungarian media reported. The application is already approved by the Digital Prosperity Program of Hungary and will be used in the elementary schools from the beginning of September this year. According to the BOOKR CEO, Dorka […]

]]>The BOOKR Kids, Hungarian educational application receives 1 million euros investment from the state-owned VC -Hiventures Venture Capital Fund, Hungarian media reported. The application is already approved by the Digital Prosperity Program of Hungary and will be used in the elementary schools from the beginning of September this year.

According to the BOOKR CEO, Dorka Horvath, in this digital era, the aim of this app is to bring closer the books and the habit of reading to today’s children who spend so much time on screens.

Dorka Horvath, CEO andCo-founder at BOOKR / Photo: BOOKR website

“Our main goal is to build a bridge between books and the digital world so that literature – besides screens – can also become a natural part of children’s lives,” says Horvath, Budapest Business Journal reports. “We gamify the books while keeping their original values; it is only the format and the platform that changes. BOOKR Kids means legal tablet time for kids since its developing effect is approved by parents, teachers and educational experts.”

With the injection from Hiventures, the company plan to further introduce their product on the international market, with a special focus on Norway and China. Also, as reported, the company will further expand and will welcome over twenty new employees to the team.

Founded in 2015 in Budapest, BOOKR Kids is the leading digital publishing company of interactive books in Central and Eastern Europe. So far this reading platform is being used in five countries throughout the world. The app offers over 200 interactive children’s books with different titles from classical to modern stories. Besides books, additional 300 educational games can be found on the platform that can be used by children as well as schools and publishers. The app can be used both on tablets and mobiles.

Thus far BOOKR Kids was recognized and awarded in so many competition. Recently was chosen the best out of 148 start-ups of 23 countries at the CEE Lift Off!, the biggest startup competition in Central and Eastern Europe, winning a 150.000 euros investment offer from Power Angels.

Hiventures Venture Capital Fund, on the other hand, was founded as Regional Fund Management in 1999 originally under the name Corvinus Venture Capital Fund Management Plc (CVCFM). In 2016 CVCFM was appointed as the State Venture Capital Fund and since operates under the name Hiventures.

With 157 million euros worth of European Union and Hungarian Development Bank Plc. (HDB) funds in hand, Hiventures became one of the biggest investor companies in East-Central Europe. This state-owned fund is professionally supervised and supported by the National Research, Development and Innovation Office and the HDB, with an ultimate aim to invest in and support pre-seed, seed and growth stage companies through their venture capital programs.

]]>http://superfounders.com/2018/05/16/hungarian-educational-app-bookr-kids-raises-1-million-euros-from-hiventures/feed/0EIT Digital Challenge: 100,000 euros in a scaling competition for deep tech startupshttp://superfounders.com/2018/05/09/eit-digital-challenge-100000-euros-in-a-scaling-competition-for-deep-tech-startups/?utm_source=rss&utm_medium=rss&utm_campaign=eit-digital-challenge-100000-euros-in-a-scaling-competition-for-deep-tech-startups
http://superfounders.com/2018/05/09/eit-digital-challenge-100000-euros-in-a-scaling-competition-for-deep-tech-startups/#respondWed, 09 May 2018 08:04:08 +0000http://superfounders.com/?p=26520The EIT Digital Challenge launched the call for participants to compete, looking for the best new European companies in the deep tech area who are ready to enter into an internationalization program. EIT Digital invites European companies to participate in this year’s edition. The competition focuses on state-of-the-art technologies built on unique and differentiated scientific or technological […]

]]>The EIT Digital Challenge launched the call for participants to compete, looking for the best new European companies in the deep tech area who are ready to enter into an internationalization program.

EIT Digital invites European companies to participate in this year’s edition. The competition focuses on state-of-the-art technologies built on unique and differentiated scientific or technological advances that are often protected or difficult to replicate. The deadline for submitting applications is June 14, 2018.

The EIT Digital Challenge is expected to join the deep tech companies in the area (we are talking here about artificial intelligence, machine learning, robotics). EIT Digital Challenge. There are prizes worth a total of 750,000 euros, including global support for growth.

Companies with fast growth who already have customers, so-called scaleups, can compete and fall into one of the five categories: Digital Industry, Digital Cities, Digital Wellbeing, Digital Infrastructure and Digital Finance. Companies must be based in an EU member state, be in the growth stage (with an annual income of over 300,000 euros or at least 2 million euros in total funding) and have up to 10 years from their establishment.

Ten selected companies will receive a full year of dedicated support from the EIT Digital Accelerator, worth 50,000 euros. The best participants will be invited to a final event in the autumn to pitch a pitch to a jury. The winner in each category will receive € 50,000 in cash, so the total prize amounts to 100,000 euros.

In addition, winners will have access to the pan-European innovation network of EIT Digital that has over 150 partners and will benefit from international advertising and visibility through its networks.

The Accelerator has a team of about 40 experienced business developers and finance experts operating from 13 European cities and a hub in Silicon Valley. From 2012 to the present, EIT Digital Accelerator has supported over 270 startups to access new markets and gain funding.

]]>http://superfounders.com/2018/05/09/eit-digital-challenge-100000-euros-in-a-scaling-competition-for-deep-tech-startups/feed/0ARISE Europe Venture Program with funding of € 15,000http://superfounders.com/2018/05/08/arise-europe-venture-program-greece-with-funding-of-e-15000/?utm_source=rss&utm_medium=rss&utm_campaign=arise-europe-venture-program-greece-with-funding-of-e-15000
http://superfounders.com/2018/05/08/arise-europe-venture-program-greece-with-funding-of-e-15000/#respondTue, 08 May 2018 12:23:56 +0000http://superfounders.com/?p=26489The ARISE Europe Venture Program is a new program that supports the establishment of deep-tech-based ventures in East and Western Balkans (Greece, Romania, Bulgaria). Get a chance to further develop your company in Europe with top experts support from EIT Digital network! Why you should apply: ARISE Europe Venture Program is designed to help entrepreneurs: […]

]]>The ARISE Europe Venture Program is a new program that supports the establishment of deep-tech-based ventures in East and Western Balkans (Greece, Romania, Bulgaria).

Get a chance to further develop your company in Europe with top experts support from EIT Digital network!

Why you should apply:
ARISE Europe Venture Program is designed to help entrepreneurs:
Develop and finalize their Minimal Viable Product
Establish their startup company
ARISE Europe Venture Program offers to participants:
Funding up to €15,000 per applicant from EIT Digital for the period of the program
Expert support in the development and finalization of their MVP
Training in entrepreneurial skillset through a two-day Bootcamp
The program will be executed by Found.ation.

development-skill structure and key milestones of the program:
Deadline for submissions will be 15th May 2018
Shortlisted teams will be required to take part in a video conference interview on 18th May 2018
The 10 selected teams will take part in a 2-day Bootcamp in Athens, on the 4-5th June 2018
The teams will go through a 6 week-long virtual mentoring phase provided by experienced mentors
On the 10th July 2018, the teams will have to present their progress and pitch on a Demo Day
The 10 teams will receive €5.000 upon selection. Those who complete the program will receive an additional €10.000.

Who can apply:
Entrepreneurs can be based in Greece, Bulgaria, Romania.

Only teams who have not yet established their company as a legal entity can apply.

The venturing program focuses on deep innovation: new deep-tech-leveraged by global solutions requiring consistent human and financial resources to achieve commercialization.

How to apply:
Submissions are expected to be done by multidisciplinary teams with both technology & management skills.

All applications must be submitted in English in writing using https://www.f6s.com/ariseventureprogram-eastbalkan/apply/ – no paper submissions will be considered.
Submissions must be received no later than 15th May 2018, 23:59:00 CEST
Please read carefully the Rules and Regulations of the EIT Digital ARISE Venture Program before submitting your application.
The program is equity-based and participating teams commit to giving 7% of shares of any established venture resulting from the program.
Apply here

(By submitting the requested information, teams represent and warrant that they have all rights, title and/or interest in it and that it is accurate and complete and that by submitting to the ARISE Europe Venture Program, they are not and will not be likely to be violating any contract or third party rights, including any patents, copyright, trade secret, proprietary or confidential information, trademark, publicity or privacy right.)

Applications are already open for most of the regional Elevator Lab Challenges. Startups now have time to apply with ideas and solutions from the fields of Advanced Analytics, Corporate Banking, Investing & TradingTech, New Branch Experience, Open Banking, and RegTech. For an overview of the respective local application phases please visit http://www.elevator-lab.com/elevator-lab-challenges/.

Giving Startups The Opportunity To Compete On An International Stage

„For almost 30 years, RBI has been successful in the CEE region. Therefore, we know how much economic and creative potential this diverse and dynamic region has to offer. With these local challenges we want to specifically support the startup ecosystems in the region and give young companies the opportunity to compete on an international stage with FinTechs from all over the world“, says Johann Strobl, CEO of RBI, about the motives behind the new format of the FinTech accelerator program.

Elevator Lab, the group-wide program that launched in 2017, already has supported innovative startups in developing their prototypes within just a few months – currently testing or implementing them. The first round of the virtual accelerator program proved that the cooperation between startups and RBI benefits both sides. Another important factor, for startups participating in the program, is that RBI regards their startup partners on an equal level and deliberately foregoes equity participation in this phase. Instead, the common goal is to respond even better to the needs of RBI’s 16.5 million customers and to tap new sources of income through the use of new technologies and innovative products.

Elevator Lab Regional Challenges In 8 Countries

In addition to a startup workshop at a visit to the Elevator Lab in Vienna, the respective winners will also receive a wildcard for the semi-final of the group-wide Elevator Lab and the chance to be invited to Vienna for the final of the TOP 15 in September 2018. Solutions in the categories of Advanced Analytics, Corporate Banking, Investing & TradingTech, New Branch Experience, Open Banking and RegTech can be submitted to the program. To apply, please consider the respective deadlines and websites:

]]>http://superfounders.com/2018/05/08/rbis-elevator-lab-opens-cees-largest-fintech-acceleration-program/feed/0ReUse Hub will invest 50,000 euros to startups – Romaniahttp://superfounders.com/2018/05/07/reuse-hub-will-invest-50000-euros-to-startups-romania/?utm_source=rss&utm_medium=rss&utm_campaign=reuse-hub-will-invest-50000-euros-to-startups-romania
http://superfounders.com/2018/05/07/reuse-hub-will-invest-50000-euros-to-startups-romania/#respondMon, 07 May 2018 14:31:32 +0000http://superfounders.com/?p=26499The program that offers 50,000 euros for business ideas. ReUse Hub is an accelerator looking for innovative, prototype or prototype solutions in the recycling industry to turn it into a successful startup. 50,000 euros for business ideas that promote recycling Did you know that a Romanian throws an average of 1kg of money into the […]

]]>The program that offers 50,000 euros for business ideas.
ReUse Hub is an accelerator looking for innovative, prototype or prototype solutions in the recycling industry to turn it into a successful startup.
50,000 euros for business ideas that promote recycling
Did you know that a Romanian throws an average of 1kg of money into the garbage per day? Waste can be turned into business opportunities, so if you have a business idea to contribute to better recycling in Romania, this program is for you.

Impact Hub Bucharest and PepsiCo launch ReUse Hub, the program that prepares the world for the future.

The first stage involves a competition where all those who believe that their idea can be successful will be invited online, with 12 potential solutions selected. Entrepreneurs who have developed them will participate in a three-month accelerator, where they will then pitch a pitch to a jury. Finally, the winner will receive € 50,000 in funding and advice from the organizers to reach an MVP and first-time customers.

More information can be found at http://thefoundation.gr/arise-europe-venture-program/

]]>http://superfounders.com/2018/05/07/reuse-hub-will-invest-50000-euros-to-startups-romania/feed/0Greek startup Cube RM announces their first investment from Marathon VChttp://superfounders.com/2018/04/30/greek-startup-cube-rm-announces-their-first-investment-from-marathon-vc/?utm_source=rss&utm_medium=rss&utm_campaign=greek-startup-cube-rm-announces-their-first-investment-from-marathon-vc
http://superfounders.com/2018/04/30/greek-startup-cube-rm-announces-their-first-investment-from-marathon-vc/#respondMon, 30 Apr 2018 07:31:35 +0000http://superfounders.com/?p=26477Greek revenue management software startup – Cube RM– announces the receiving of its first investment from Marathon Venture Capital. The amount of the funding has not been yet officially disclosed, but reportedly the final figure is between 500.000 and one million Euros. The money, as announced by the Cube’s Managing Director Costas Economopoulos in an interview […]

]]>Greek revenue management software startup – Cube RM– announces the receiving of its first investment from Marathon Venture Capital. The amount of the funding has not been yet officially disclosed, but reportedly the final figure is between 500.000 and one million Euros.

The money, as announced by the Cube’s Managing Director Costas Economopoulos in an interview for startupper.gr, will be used to further strengthen their offices in Europe and open new not only throughout the Old Continent but in U.S. as well. The idea, as noted by Economopoulos, is to strengthen their R & D divisions with more talent to make the most of its skills to produce new innovative solutions and software applications. Besides increasing their R&D divisions, the company will further invest in developing their sales and marketing department.

“The ultimate goal is the creation of a truly powerful company with an international horizon, which will be a reference point in the world of very large enterprises and multinational organizations for the specialized solutions, applications and products in its portfolio”, says Economopoulos.

Founded in 2017 in Athens, Greece, by Costas Economopoulos, George Boretos and Philip Kytinos, Cube RM offers software solutions for next-generation Revenue Management. The startup offers a software platform with integrated price predictive analytics that helps companies to identify optimum pricing, efficiently manage quotes and tenders, understand what their customers are thinking, and better evaluate their business and optimize their processes.

“Loss of revenue is a major problem for large companies. Our mission is to help our clients respond to this by shaping the right price at the right time in an efficient way. We work hard by constantly investing in Cloud and Machine Learning technologies to become the next generation of revenue management software,“ explains Economopoulos.

At the moment, as announced by the company, their products and services are used by Fortune 500 clients with thousands of users in more than 20 countries across Europe. As disclosed by their CEO, the startup is currently focusing on solution for the pharmaceutical companies, development and disposal of medical equipment industry, supermarkets as well as high technology and the sub-sectors of the manufacturers of electronic and electrical appliances.

Marathon VC is a venture capital investing, as they say, in those who are willing to go after the seemingly impossible. The company aims to bring together everyone who can enable founders to realize their ambitions.

According to the Marathon VC’s Partner, Giorgos Tziralis, the investment in Cube RM is because of the experienced team and integrated technology that “will change the revenue management to big companies and we are glad we take part in their journey“.

The Cube’s team has a great experience in business software applications. Reportedly their CEO, Costas Economopoulos, has great experience in developing business software in Life Sciences and other disciplines. Giorgos Boretos, CubeRM’s CMO, has a 20-year career in managerial positions for marketing and sales in many software companies, while Philip Kytinos, plans critical software business applications by organizing large groups of software developers over the past fifteen years.

]]>http://superfounders.com/2018/04/30/greek-startup-cube-rm-announces-their-first-investment-from-marathon-vc/feed/0DECA Investments acquires minority stake in Greek Viva Wallet for over €15 millionhttp://superfounders.com/2018/04/24/deca-investments-acquires-minority-stake-in-greek-viva-wallet-for-over-15-million-eur/?utm_source=rss&utm_medium=rss&utm_campaign=deca-investments-acquires-minority-stake-in-greek-viva-wallet-for-over-15-million-eur
http://superfounders.com/2018/04/24/deca-investments-acquires-minority-stake-in-greek-viva-wallet-for-over-15-million-eur/#respondTue, 24 Apr 2018 06:58:17 +0000http://superfounders.com/?p=26445DECA Investments, a Luxembourgian Development Fund, acquires a minority stake in the Greek fintech Viva Wallet worth over 15 million EUR, Greek media reported. The funding, as announced by the Fund, will be used to strengthen Viva’s position in the fast-growing and emerging Fintech sector on the European market. “Viva is a company we have been […]

The funding, as announced by the Fund, will be used to strengthen Viva’s position in the fast-growing and emerging Fintech sector on the European market.

“Viva is a company we have been watching with great interest for years”, says the Investment Manager of DECA Investments, John Kalantzis. “We are impressed with its dynamism, innovative business moves, attention to detail and the ability to distinguish opportunities created by developments in technology and the European regulatory framework. Viva’s next goal will be to claim an essential position in the rapidly evolving European market. We believe that as investors we will help strengthen its position in the fast-growing and emerging Fintech sector.”

Founded in 2010 in Greece, Viva Wallet is the 1st mobile wallet introduced in Greece. The platform offers innovative payments services to individuals, businesses and professionals bringing maximum security with flexibility and support to its clients.

Viva Wallet is a service developed by Viva Payment Services SA, a licensed e-money institution for operation in the European region by the bank of Greece. Moreover, Viva Payments is the only Electronic Money Institution in Greece which is a Principal Member of organizations Mastercard and Visa for clearing services (acquiring) and card issuing (issuing) and is the only financial institution throughout Europe based entirely on cloud infrastructure ( Microsoft Azure ).

According to Viva’s CEO, Haris Karonis, this funding is part of the 5 years development plan that the company is developing in the European Economic Area.

“This investment of Diorama and international institutional investors such as the European Investment Fund (EIF), the European Reconstruction and Development Bank (EBRD) and European Investment Bank (EIB)”, says Karonis, “is a mid-term financing of the company’s 5-year development plan in the European Economic Area. This plan started with our strategic partnership with Marianna I. Latsi and Paris Kassidokosta-Latsi’s investment interests in November 2014. The next round of funding is managed by JEFFERIES GROUP LLC. ”

DIORAMA’s primarily invests in eligible Greek SMEs, which satisfy strict investment criteria: attractive sector dynamics, management quality and integrity and growth potential. Fund investors are distinguished Greek businessmen as well as Greek and international institutional investors such as the European Investment Fund (EIF), the EBRD and the European Investment Bank (EIB).

Prior to this investment in Viva Wallet, they’ve invested in five other Greek companies: Axel Accessories, Tapes SA, Damavand, InternetQ and Adam Pack.

]]>http://superfounders.com/2018/04/24/deca-investments-acquires-minority-stake-in-greek-viva-wallet-for-over-15-million-eur/feed/0SCV to invest €600.000 in Croatian health app LittleDothttp://superfounders.com/2018/04/19/scv-to-invest-600-000-euros-in-croatian-health-app-littledot/?utm_source=rss&utm_medium=rss&utm_campaign=scv-to-invest-600-000-euros-in-croatian-health-app-littledot
http://superfounders.com/2018/04/19/scv-to-invest-600-000-euros-in-croatian-health-app-littledot/#respondThu, 19 Apr 2018 06:31:49 +0000http://superfounders.com/?p=26424South Central Ventures (SCV) announces to invest 600.000 euros in the Croatian startup LittleDot – a mobile health platform that connects parents to pediatricians and other specialists in real-time, and ensures that parents get verified advice and track their child’s health progress 24/7. The investment, as stated in the announcement, will help LittleDot to further […]

]]>South Central Ventures (SCV) announces to invest 600.000 euros in the Croatian startup LittleDot – a mobile health platform that connects parents to pediatricians and other specialists in real-time, and ensures that parents get verified advice and track their child’s health progress 24/7.

The investment, as stated in the announcement, will help LittleDot to further develop their application and ease the contact between the experts and the parents. Additionally, the LittleDot team is working on new services and plan not only to strengthen their presence in Croatia but to set operation in South-Eastern Europe and Western Europe as well.

“We, as LittleDot team, are very pleased and at the same time excited that our partner, South Central Ventures has put faith in our vision, team and company. We are looking forward to achieving exponential growth in targeted markets and we expect high satisfaction from our current and future clients”, said Dario Šimović, CEO of LittleDot.

According to SCV Managing Partner, Jure Mikuz, this application will significantly improve the quality of people’s life and will save many sleepless nights to the worried parents.

“We are thrilled to join Dario and his team at LittleDot. We strongly believe that mobile technologies can significantly improve the quality of people’s lives if utilized properly. I am sure LittleDot will save many parents’ sleepless nights even on their trips far away from their pediatricians and other medical specialists,” said Jure Mikuž, a Managing Partner at South Central Ventures.

Founded in 2006 in Zagreb Croatia, by Dario Šimović (CEO) with the assistance of the renowned Croatian pediatrician Dr. Milivoj Jovančević (CMO), LittleDot is a healthy baby growth diary app designed to make health record and provide useful information of growth, development, immunization and fever.

The platform offers 3 services to parents: 1) Shortly written consultation via SMS 2) A call with a pediatrician, or 3) A second opinion. In all three services, parents can choose a specialist who they want to get in touch with.

photo: sc-ventures.com

SCV, on the other hand, is a 40 million euros fund dedicated primarily to early stage and growth investments. Within the fund’s ‘seed pocket’, € 1.5 million is allocated for investments of up to 100.000 euros per company. The majority of the fund is allocated for early stage and growth investments of up to 3 million euros per company. These investments are intended to fuel the international business expansion and growth of the most promising tech startups that can show traction and prove their potential to “make it big”.

Why LittleDot?

According to the press release made by the SCV telemedicine market is expected to significantly grow at 18.3% annually between 2014 and 2025. In the world of the increased number of smartphone users and the digital solution, parents want prompt answer/solution to assist them with their needs and the needs of their child.

Moreover, according to Croatia statistics, there is a great lack of pediatrician – 1 pediatrician in this country covers over 950 children, very similar to the situation globally.